Abu Dhabi Islamic Bank raises first-half pre-tax profit 9% to AED 4.3 billion
Key Facts
Abu Dhabi Islamic Bank said net profit before tax rose 9% to AED 4.3 billion in the first half of 2026, according to results published on its website. The figure is the latest documented half-year result in the information available on the bank. Figures in the draft for nine-month profit, financing, total assets, provisions and the non-performing asset ratio could not be confirmed from an open source. They therefore cannot be treated as the bank’s results for the period ended September 2026. As another performance indicator, return on equity stood at 28% in the first half of the year, according to the bank.
The nine-month results for 2025 provide a documented comparison for the business trajectory before the current period. Revenue rose to AED 9.1 billion, up 14% year on year, compared with AED 8.0 billion in the same period of 2024. In the third quarter of 2025 alone, pre-tax profit increased 16% year on year to AED 2.1 billion. Customer financing also grew 26% over the nine months, an increase of AED 36 billion from the corresponding period. These figures reflect expansion in revenue and financing during 2025, but they do not represent results for the nine months of 2026.
On funding sources, customer deposits rose 23% to AED 222 billion on September 30, 2025, compared with AED 180 billion on the same date in 2024, according to management’s discussion of the nine-month results. In asset quality, the non-performing asset ratio improved to 3.3%, its lowest level since the second quarter of 2016, according to the bank. These indicators provide context on deposit growth and improved asset quality in the previous period. They do not, however, substantiate the draft’s figures of 2% or its provisions figures for 2026. The timeline remains important when reading the bank’s results: the indicators cited relate to 2025 or the first half of 2026, according to the period reported by the bank.
As part of its growth plans, Chairman Jوعان عويضة الخييلي said the bank’s investments in innovative products, digital platforms and artificial intelligence support efficiency, improve the customer experience and strengthen the group’s capabilities. Total assets stood at AED 304 billion at the end of the first half of 2026, after growing 24% during 2025, according to the bank. Shareholders approved a capital increase through a rights issue at the annual general meeting held on October 6, 2026, with gross proceeds expected to reach about AED 1.75 billion. Chief Executive Mohamed Abdelbary said the bank sees opportunities to expand its core business, deepen customer relationships and accelerate its digital and artificial intelligence capabilities. The proposed increase is part of the bank’s efforts to support its Vision 2035 strategy.
The bank set the rights trading period on the Abu Dhabi market for November 4 to 16, 2026, with the subscription period running from November 10 to 24. These dates mark the next announced step in the capital increase approved by shareholders. Gross proceeds from the issue are expected to reach about AED 1.75 billion, according to the bank’s announcement. The transaction follows the recording of assets of AED 304 billion at the end of the first half of the year. The available information did not include documented data on the share price’s response to the announcement.